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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (52774)2/24/2022 2:37:29 PM
From: da_spot1 Recommendation

Recommended By
ajtj99

  Read Replies (3) | Respond to of 97445
 
QQQ touched anchored VWAP on the daily from the covid lows. Sorry, I don't know how to post the chart.

From Art Cashin cnbc.com

“And he said to me, “Kid, sit down and buy me a drink.” That was tuition for school. I paid tuition by buying Jack Scotch Old Fashioneds and class lasted as long as I could afford to buy them, or as long as Jack could talk after drinking.”

“I offered him a drink. And he said, ‘Now, sit down and listen to me.’ And I said, ‘yes?’ And he said, ‘When you hear the missiles are flying, you buy them, you don’t sell them.’

“And I said, ‘You buy them? Why would you buy them if the missiles are flying?’

He said, “You buy them because if you’re wrong, the trade will never clear. We’ll all be dead!”

“I loved him, I said you don’t ever learn that in the Wharton School or the Stern School. This man in this bar has just given me an insight about Wall Street that will last me forever. That things are not often what they appeared to be on the face of it and think of the ultimate consequence and that’s the action you take.”

Art’s wish for 2022: “Let’s keep the missiles from flying.”

S